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Diversity in governance - Coggle Diagram
Diversity in governance
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The Code also requires the annual evaluations of the board should consider their composition in relation to diversity and that the annual report should describe the work of the nomination committee including
The process used in relation to appointments, its approach to succession planning and how both support developing a diverse pipeline
The policy on diversity and inclusion, its objectives and linkage to company strategy, how it has been implemented and progress on achieving the objectives
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The FRC guide to boardroom effectiveness also mentions provisions for diversity and the impact that diversity may have in the boardroom. 'Diversity in the boardroom can have a positive effect on the quality of decision making by reducing the risk of group think. With input from shareholders, boards need to decide which aspects of diversity are important in the context of the business and its needs.
This greater awareness in governance mirrors the more broad awareness within organisations of diversity and inclusion issues. For example, in recent years, diversity policies, training and training providers have increasingly become part of organisational life
Equality: The moral case for equal opportunities, for equity among groups and has led to legislation and governance regulation
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